Notes Payable and Unsecured Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt

The Company’s debt outstanding consists of the following:

(in thousands)	September 30, 2015		December 31, 2014
Notes payable:
Fixed rate mortgage loans	$	479,413	518,993
Variable rate mortgage loans (1)	33,163		29,839
Fixed rate unsecured loans	1,296,076		1,397,525
Total notes payable	1,808,652		1,946,357
Unsecured credit facilities:
Line of Credit	50,000		—
Term Loan	165,000		75,000
Total unsecured credit facilities	215,000		75,000
Total debt outstanding	$	2,023,652	2,021,357

Schedule of maturities of long-term debt

As of September 30, 2015, scheduled principal payments and maturities on notes payable were as follows:

(in thousands)	September 30, 2015
Scheduled Principal Payments and Maturities by Year:	Scheduled Principal Payments		Mortgage Loan Maturities	Unsecured Maturities (1)			Total
2015	$	2,127	—	—			2,127
2016	6,603		41,374	—			47,977
2017	5,937		116,383	400,000		(2)	522,320
2018	5,021		57,253	—			62,274
2019	4,044		106,000	215,000			325,044
Beyond 5 Years	16,274		141,362	900,000			1,057,636
Unamortized debt premiums (discounts), net	—		10,198	(3,924	)		6,274
Total	$	40,006	472,570	1,511,076			2,023,652

⁽¹⁾ Includes unsecured public debt and unsecured credit facilities.